Trichet Says ECB Has the Right Policy Tools

The transcript discusses the European Central Bank's (ECB) focus on price stability and its mandate, comparing it to the US Federal Reserve. It highlights the ECB's use of unconventional tools like quantitative easing and negative rates, emphasizing the need for creativity in monetary policy. The discussion also touches on fiscal policy, suggesting that countries like Germany and the Netherlands have room to maneuver to foster economic balance and growth within the EU.

What role does the OMT play in the ECB's monetary policy?

In what ways can the fiscal side contribute to economic stability in the euro area?